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will not happen in the future.​ ​Secondly, S&P mentioned that on May 18 Ferrexpo ​announced the upcoming appointment of another acting CEO, Jim North​. The agency said it is unclear whether Kostyantin Zhevago, Ferrexpo’s majority owner, will return to his previous CEO role, and, if he does not, what the permanent succession plan is.​ ​Thirdly, S&P said that the May 28 announcement of the upcoming retirement of Ferrexpo’s chairman Steve Lucas​ – and minority shareholders' rejection of Vitalii Lisovenko as an independent director – at an AGM vote on the same date cast further uncertainty on board stability.
81​ UKRAINE Country Report​ July 2020 ​ ​www.intellinews.com